Miami's Leap to Global Gateway Status
Many articles have appeared in the lodging and commercial real estate trade press this year about the surge of strength displayed by the Miami and Miami Beach hotel and residential real estate markets. A look at hotel transaction trends confirms that a transition has taken place. As measured by the HVS – STR Hotel Valuation Index (HVI) on a price per key basis, Miami began the century ranked fifth of the five major metro market areas in Florida, but has clearly broken away from the pack in the course of the subsequent decade.
About HVS
HVS is the world's leading consulting and valuation services organization focused on the hotel, restaurant, shared ownership, gaming, and leisure industries. Established in 1980, the company performs more than 4,500 assignments per year for virtually every major industry participant. HVS principals are regarded as the leading professionals in their respective regions of the globe. Through a worldwide network of over 50 offices staffed by 300 experienced industry professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. For further information regarding our expertise and specifics about our services, please visit www.hvs.com.